Insight Wealth Strategies LLC Invests $3.79 Million in CoStar Group, Inc. (NASDAQ:CSGP)

Insight Wealth Strategies LLC bought a new stake in shares of CoStar Group, Inc. (NASDAQ:CSGP) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 50,183 shares of the technology company’s stock, valued at approximately $3,786,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Crewe Advisors LLC purchased a new stake in shares of CoStar Group during the first quarter worth about $31,000. Riverview Trust Co purchased a new stake in CoStar Group during the 1st quarter valued at about $35,000. RiverPark Advisors LLC purchased a new stake in CoStar Group during the 1st quarter valued at about $37,000. Industrial Alliance Investment Management Inc. purchased a new stake in CoStar Group during the 2nd quarter valued at about $49,000. Finally, Covestor Ltd grew its stake in CoStar Group by 43.0% during the 1st quarter. Covestor Ltd now owns 702 shares of the technology company’s stock valued at $68,000 after acquiring an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 96.60% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on CSGP. StockNews.com raised shares of CoStar Group from a “sell” rating to a “hold” rating in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $107.00 target price on shares of CoStar Group in a report on Tuesday, September 17th. Robert W. Baird decreased their target price on shares of CoStar Group from $105.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their target price on shares of CoStar Group from $102.00 to $108.00 and gave the company an “overweight” rating in a report on Monday, August 5th. Finally, Keefe, Bruyette & Woods decreased their target price on shares of CoStar Group from $109.00 to $100.00 and set an “outperform” rating on the stock in a report on Wednesday, July 17th. Four equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $96.38.

CoStar Group Trading Up 3.0 %

Shares of CSGP stock traded up $2.22 during trading hours on Tuesday, hitting $75.52. The company had a trading volume of 108,500 shares, compared to its average volume of 2,237,004. The company’s fifty day moving average is $76.10 and its 200 day moving average is $80.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 9.27 and a quick ratio of 9.27. CoStar Group, Inc. has a fifty-two week low of $67.35 and a fifty-two week high of $100.38. The stock has a market capitalization of $30.84 billion, a PE ratio of 100.41 and a beta of 0.81.

CoStar Group (NASDAQ:CSGP) last announced its quarterly earnings data on Tuesday, July 23rd. The technology company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.06. The company had revenue of $677.80 million for the quarter, compared to the consensus estimate of $677.18 million. CoStar Group had a net margin of 8.19% and a return on equity of 3.99%. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 EPS. Research analysts expect that CoStar Group, Inc. will post 0.49 earnings per share for the current fiscal year.

About CoStar Group

CoStar Group, Inc provides information, analytics, and online marketplace services to the commercial real estate, hospitality, residential, and related professionals industries in the United States, Canada, Europe, the Asia Pacific, and Latin America. The company offers CoStar Property that provides inventory of office, industrial, retail, multifamily, hospitality, and student housing properties and land; CoStar Sales, a robust database of comparable commercial real estate sales transactions; CoStar Market Analytics to view and report on aggregated market and submarket trends; and CoStar Tenant, an online business-to-business prospecting and analytical tool that provides tenant information.